"Nursing home and assisted living rates rose significantly from 2009 to 2010, the MetLife Mature Market Institute (MMMI) reports.
A market survey of long term care costs by MMMI, Westport, Conn., found private room nursing home rates rose 4.6% to $229 per day, or $83,585 per year. Assisted living facilities rose 5.2% on average to $3,293 per month, or $39,516 per year.
In contrast, the 2010 inflation rate reported by the Bureau of Labor Statistics was 1.1%."
Elder Care Costs Surge - Core Protection Products - Life and Health Insurance News
Monday, December 6, 2010
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